Is East Greenwich Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, East Greenwich Township was a Seller's Market.
Key Takeaway
East Greenwich Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in East Greenwich Township, NJ
How much do homes in East Greenwich Township, NJ cost?
Median Sold Price
$399,990
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Greenwich Township have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in East Greenwich Township was $399,990 in April 2024, up 5.3% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $373.5K | +18.6% |
| 3 Bedrooms | $367.4K | $366.5K | -0.3% |
| 4 Bedrooms | $436K | $560K | +28.4% |
| 5+ Bedrooms | $668.5K | $667.5K | -0.1% |
Summary: East Greenwich Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.6%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 28.4%, and 5+ bedroom homes decreased by 0.1%.
Median Sold Price Compared To Nearby Cities
| Paulsboro | $171.5K | $205.1K | +19.6% |
| East Greenwich Township | $380K | $399.9K | +5.3% |
| Mount Royal | $340K | $356.5K | +4.9% |
| Clarksboro | $397.5K | $385K | -3.1% |
Housing Supply in East Greenwich Township, NJ
How many homes are available in East Greenwich Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 32 | +18.5% |
Summary: The East Greenwich Township real estate market had 32 homes for sale in April 2024, a 18.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 8 | 13 | +62.5% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The East Greenwich Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Greenwich Township, expect to pay close to the asking price. 80% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in East Greenwich Township in April 2024, down by 37.5% month-over-month. Of the 5 sold homes, 0% were sold under asking, 80% were sold at asking, and 20% were sold over asking.
Days on Market for East Greenwich Township, NJ
How long does it take to sell a home in East Greenwich Township, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 62 Days | +317.2% |
Summary: Homes in East Greenwich Township had an average of 62 days on market in Apr 2024, up by 317.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Greenwich Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in East Greenwich Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
